So, I missed this bit of "news" a while back -- things are looking gloomy in the land of the rising sun
Japan’s Foreign Minister ready to devalue the yen
http://www.theweek.co.uk/world-busin...dy-devalue-yen
This is after the country intervened in the currency markets in August already. It's all very shocking to me and is a clear sign that at some point in the future the entire developed world is in for either a long period of stagnant growth due to deleveraging requirements (with accompanying civil unrest) .. or some combination of repudiation of unsecured pension/social security liabilities as the younger generation pretty much decides that the older generation left it saddled with debt and liabilities and just refuses to pay some or all of it (with accompanying civil unrest)
This also reminds me about how historically export driven economies typically have a moderate-long period of significant growth then coupled with a startling decline. Wealth transfers can only happen for so long after all ..
Reply hazy, ask again later